Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    1932 1934th W Capitol Dr Milwaukee, WI 53206

    • Bars
    • 2,888 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-3390548
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hair Design By Elvera / Beauty Salon
    • Body & Being Massage LLC / Massage Therapist

    Property Details for 1932 1934th W Capitol Dr

    Year built
    1922
    Lot size
    0.08 lot acres
    Property size
    2,888 SF
    Zone code
    LB2
    Property type
    Bars
    Property subtype
    Pubs
    APN
    244-0491-000
    APU
    2440491000

    Description

    This exceptional mixed-use property at 1932 W Capitol DRIVE Unit 1934, Milwaukee, WI, presents a compelling investment opportunity. Spanning 2,888 square feet on a 0.83-acre lot, the property boasts a highly visible ground-floor bar situated in a high-traffic area, ensuring consistent foot traffic and strong potential for entertainment-based businesses. The bar area presents a chance for revitalization and increased profitability. Upstairs, a three-bedroom residential unit offers additional income potential through rental or provides convenient onsite living accommodations. Adding to the property's income streams is a billboard situated on the building's exterior, generating passive revenue. The property is priced at $124,900, reflecting a motivated seller eager to finalize a transaction. This versatile property is ideal for investors seeking to diversify their portfolio or business owners looking to expand their operations. The combination of commercial and residential space, coupled with the billboard income, makes this a unique and attractive investment prospect in a prime Milwaukee location. The property's high visibility and established location contribute to its significant potential for growth and return on investment.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9355
    Latitude
    43.0899
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,071
    $4,000
    $125,000
    $129,000
    -
    $4,000
    $125,000
    $129,000

    Comparable in this City

    • Value Estimation by Request
      2,182 SF

      3941 3943rd N Teutonia Ave

      BAR, TAVERN • 2,182 SF
      3941 3943rd N Teutonia Ave, Milwaukee, WI 53206
      View Details
    • Value Estimation by Request
      2,420 SF

      2234 Ctr St

      BAR, TAVERN • 2,420 SF
      2234 Ctr St, Milwaukee, WI 53206
      View Details
    • Value Estimation by Request
      715 SF

      2509 Ctr St

      BAR, TAVERN • 715 SF
      2509 Ctr St, Milwaukee, WI 53206-1154
      View Details
    • Value Estimation
      $150,000
      2,304 SF

      1300 Keefe Ave

      BAR, TAVERN • 2,304 SF
      1300 Keefe Ave, Milwaukee, WI 53206-2955
      View Details
    • Value Estimation
      $380,000
      2,111 SF

      2337 Fond Du Lac Ave

      BAR, TAVERN • 2,111 SF
      2337 Fond Du Lac Ave, Milwaukee, WI 53206-1538
      View Details
    • Value Estimation
      $315,000
      2,438 SF

      2474 Hopkins St

      BAR, TAVERN • 2,438 SF
      2474 Hopkins St, Milwaukee, WI 53206-1250
      View Details

    Similar Nearby for Sale

    • $3,146,400

      Milwaukee Walgreens Retail Investment

      High-yield Walgreens, strong tenant, 3.2 years remaining.
      2222 Capitol Dr, Milwaukee, WI 53206
      View Details
    • $355,000
      5,292 SF

      Historic Mixed-Use Property in Milwaukee

      Historic mixed-use property with retail and residential potential.
      3608 N Teutonia Ave, Milwaukee, WI 53206
      View Details
    • Contact for pricing

      Milwaukee Commercial Space - 700/month

      Versatile Milwaukee commercial space, ideal for various businesses.
      2600 Fond Du Lac Ave, Milwaukee, WI 53206
      View Details
    • $104,977
      2,198 SF

      Two-Story Duplex with Vacant Lot

      Two-story duplex with vacant lot, new windows, and recent roof.
      1425 W Burleigh St, Milwaukee, WI 53206
      View Details
    • New
      $87,900
      3,200 SF

      Lindsay Heights Triplex Opportunity

      Spacious, refreshed triplex in Lindsay Heights with immediate rental potential.
      1801 W Meinecke Ave, Milwaukee, WI 53206
      View Details
    • New
      $689,900
      0.11 Acres

      Milwaukee Multifamily Investment Opportunity

      12-unit apartment building in Franklin Heights neighborhood with income potential.
      2613 W Capitol Dr, Milwaukee, WI 53206
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,746 SF

      Retail Space on Busy Corner

      Retail space available in a high-traffic urban area.
      2636-2654 W Fond Du Lac Ave, Milwaukee, WI 53206
      View Details
    • Contact for pricing
      20,000 SF

      Prime Pewaukee Retail Space

      1,350 SF Endcap, High Visibility
      1350 Capitol Dr, Milwaukee, WI 53206
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1932 1934th W Capitol Dr
    Milwaukee, WI 53206
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.